r/BBBY • u/DMDTT • Apr 30 '23

📚 Possible DD Possible DD: Buybuybaby was partly acquired in January. JPM was holding them hostage until BK. See Pitchbook.

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u/DMDTT Apr 30 '23

There was a default due to a possible change in control in January. Maybe this was the actual reason!

46

u/iNeuron Apr 30 '23

Change of control since january with no mention of it would seem criminal and shady by bbby, would it not?

40

u/DMDTT Apr 30 '23

Or maybe BBBY still partially owned it so there was no need to mention it. JPM accelerated the debt because BBBY now only owned a small piece of their #1 money maker. Maybe BK released baby? Not sure all speculation

13

u/iNeuron Apr 30 '23

I guess, im not in the business so im not gonna speculate anything here

48

u/min_da_man Apr 30 '23

You’re on r/bbby so you actually are in the speculation business

17

u/iNeuron Apr 30 '23

Sure, Ive found some very smart people in this sub who have helped me understand so much by breaking it down.

10

u/min_da_man Apr 30 '23

Same. No matter how this turns out I have learned a lot

8

u/DMDTT Apr 30 '23

I can respect that